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Effectus [21]
3 years ago
15

The following information was taken from Swifty Corporation’s cash budget for the month of July: Beginning cash balance $500000

Cash receipts 324000 Cash disbursements 534000 If the company has a policy of maintaining a minimum end of the month cash balance of $430000, the amount the company would have to borrow is $140000. $70000. $290000. $106000.
Business
1 answer:
aksik [14]3 years ago
7 0

Answer:

The correct answer is A.

Explanation:

Giving the following information:

Beginning cash balance $500000 Cash receipts 324000 Cash disbursements 534000 If the company has a policy of maintaining a minimum end of the month cash balance of $430000

Loan= 534,000 + 430,000 - (500,000 + 324,000)= 140,000

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What is the highest level of message AWARENESS that can be reached with the UNIVERSITY STUDENT based on a selection(s) of POSITI
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The highest level of message AWARENESS that can be reached with the UNIVERSITY STUDENT based on a selection(s) of POSITIONING messages  is 50%.

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8 0
2 years ago
On May 3, 2017, Leven Corp. negotiated a short-term loan of $685,000. The loan is due October 1, 2017, and carries a 6.86% inter
Semmy [17]

Answer:

704076 $

Explanation:

Exact statement of the question is:

<em>May 3, 2007, Leven Corp. negotiated a short-term loan of $685,000. The loan is due October 1, 2007, and carries a 6.86% interest rate. Use ordinary interest to calculate the interest. What is the total amount Leven would pay on the maturity date? (Round your answer to 2 decimal places. Omit the "$" sign in your response.)</em>

Solution:

Fro 3rd May to October 1st. 2017 there are 151 days

But 365 days = 1 year

==> 151 days = 151× 1/365 =0.414 years

But we use 1 year as one term

==> 1year = 1T

==>  T = 0.414

R= 6.86

P= 685000

A=?

We use formula for the term:

A= P(1+ \frac{R}{100} )^{T}

Where A= ammount at the end of term

P= Loan amount

R= Rate of interest

T= No. of terms

Putting values in this formula;

==> A= 685000×(1+\frac{6.86}{100}) ^{0.414}

==> A= 685000 × 1.02784938489=704076 $

6 0
3 years ago
What happens when a home goes into foreclosure
Zinaida [17]
If the homeowner continues to default on the loan, the lender will foreclose on the house. ... A foreclosure sale / auction is typically the next thing that happens during the process. The lender wants to get the home off their hands as quickly as possible, so they'll usually price it to sell quickly
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3 years ago
Refer to the table below and calculate both the real and nominal rates of return on the TIPS bond in the second and third years.
SpyIntel [72]

Answer:

Second year :

Nominal rate = 8.15%

Real rate = 5%

Third year :

Nominal rate = 6.00%

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Explanation:

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Real rate of return = (1 + nominal rate) / (1 + inflation) - 1

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Real rate

[(1 + 0.060) ÷ (1 + 0.01)] - 1

(1.060 ÷ 1.01) - 1 = 0.0495 = 4.95%

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